The Profile of the Global Consumer Has Changed to Put

question 52

Multiple Choice

The profile of the global consumer has changed to put greater emphasis on __________.

• A) Standardized products
• B) Individualism
• C) Customized products
• D) Technology
• E) b and c

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Definitions:

Progressive

A term often used to describe a tax system in which the tax rate increases as the taxable amount or income increases.

Tax System

The comprehensive set of laws and regulations governing the collection of taxes by the government from individuals and businesses.

Average Tax Rate

Total taxes paid divided by total income

Taxable Income

The amount of income used to determine how much tax an individual or a company owes to the government in a given tax year.